2014 Legislative Rates – Federal & Provincial TD1’s

The TD1 (Personal Tax Credits Return) is a form used to determine the amount of tax to be deducted from an individual’s employment income.

There are two types of these forms; one is Federal, the other Provincial. Individuals complete the forms and submit them to their employer or payer who will keep the completed documents with their employment records. A copy of the forms should not be forwarded to the CRA.

Who Should Complete This Form?

Individuals that have a new employer or payer

Individuals that want to change the amounts that were previously claimed

Individuals that want to increase the amount of tax deducted

Individuals that want to claim a deduction for living in a prescribed zone

All of the above individuals must complete the Federal TD1 and if they are claiming more than the basic personal amounts (see table below), then they must also complete the applicable Provincial TD1 as well.

Federal/Provincial TD1 & Quebec TP-1015.3-V Basic Personal Amounts

Province of Territory

Basic Personal Amount

Federal

$11,138

Alberta

$17,787

British Columbia

$9,869

Manitoba

$9,134

New Brunswick

$9,472

Newfoundland and Labrador

$8,578

Northwest Territories

$13,668

Nova Scotia

$8,481

Nunavut

$12,567

Ontario

$9,670

Prince Edward Island

$7,708

Quebec

$11,305

Saskatchewan

$15,378

Yukon

$11,138

*Federal and Provincial TD1’s are available at www.cra-arc.gc.ca/formspubs/frms/td1-eng.html

*Quebec TP-1015.3-V is available at revenu.gouv.qc.ca/en/sepf.formulaires/tp/tp-1015_3.aspx

New TD1’s do not need to be completed annually unless there is a change to their Federal or Provincial or Territorial personal tax credit amounts.